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Business: Page 163
Business
CNH Board of Directors approves merger plan with Fiat Industrial
The CNH Global board of directors have approved the company’s merger plan with Fiat Industrial. The board met February 25 and approved the plan for merging into a NewCo with and as a subsidiary of Fiat. The merger was initially agreed to by CHN back in November. NewCo is a name typically given to startups or merged companies before […]
February 27, 2013
Business
New home sales surge 16% to nearly 3-year high
New home sales made a huge leap in January, rising nearly 16 percent from December 2012, according to data from from HUD and the United States Census Bureau. New single-family homes were sold at a seasonally adjusted annual rate of 437,000 in January, besting the consensus estimates of 381,000. It is the highest monthly total […]
February 26, 2013
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February 1, 2026
Business
Ritchie Bros. sees increased auction earnings, big boosts online in 2012
Ritchie Bros. Auctioneers announced today that it brought in net earnings of $82.6 million in 2012, a 12 percent increase from adjusted earnings in 2011. The company notes that without its purchase of AssetNation, which it used to build its new EquipmentOne equipment sales website, net earnings would have been an improvement of 17 percent. […]
February 26, 2013
Business
Case launches SiteWatch telematics solution
Case today announced through its website the launch of its first telematics solution SiteWatch. The company says SiteWatch delivers vital machine performance data “to any computer, any time, anywhere.” Case touts standard telematics features with SiteWatch, including the ability to reduce excessive idling in order to save on fuel, theft recovery and prevention, maintenance scheduling […]
February 26, 2013
Business
Architecture Billings Index jumps to 54.2, bodes well for construction
Each month the American Institute of Architects releases its Architecture Billings Index and the latest round shows an increase to 54.2 in January. Any reading above a 50 on the index indicates a rise in demand for design services. The index indicates good things for construction because architectural billings tend to lead actual construction of projects […]
February 25, 2013
Business
Caterpillar dealer sales fall 4% in fiscal Q1
Caterpillar recently reported that it saw worldwide dealer sales fall 4 percent in the three months ending January 31. According to a Securites and Exchange Report reviewed by the Chicago Tribune, the company saw sales decline 11 percent in North America and 12 percent in the Asia/Pacific Region. Sales in Latin America were up 3 […]
February 25, 2013
Roadbuilding
A Cold-Mix Performance Evaluation by City of Lexington, Ky.
Contributed by Streets & Roads Division in Lexington, Ky., directed by Sam Williams Striving to improve the overall handling process for potholes, The City of Lexington (Kentucky) Streets and Roads Department initiated a cold mix evaluation program to identify possible advantages using alternative pothole repair material. Multiple parameters were considered in determining which candidate materials […]
February 24, 2013
Roadbuilding
Low bid called ‘non-responsive’
A goal of public contracts is to procure goods and services at the best price possible while maintaining a level playing field for all bidders. This is accomplished through competitive bidding statutes. These statutes require that all bids must be “responsive” to the material requirements of the government’s solicitation for bids, or they must be […]
February 24, 2013
Success Stories
Deep roots sustain Brown Brothers Construction
It’s a testament to determination that Brown Brothers Construction has survived and thrived in the southern Utah town of Loa, population 600. This year, in addition to being one of Equipment World’s Contractor of the Year finalists, Albert, Michael and Ellis Brown are celebrating the 50th year of the business started by their grandfather in […]
February 22, 2013
Business
Israeli construction workers accused of kidnapping contractor for backpay
Pretty scary story out of Israel where three construction workers were arrested for allegedly kidnapping a contractor and demanding he pay them $10,000 in backpay, according to Durability and Design. The suspects, ages 34, 41 and 62 made an appointement with the 24-year-old contractor and demanded the backpay for work done months ago before dragging […]
February 22, 2013
Business
Liebherr promotes Ana Cabiedes-Uranga to marketing and communications manager
Liebherr Construction Equipment has promoted Ana Cabiedes-Uranga to marketing and communications manager. Cabiedes-Uranga will be responsible for planning, implementing and communicating the company’s marketing efforts. In her previous position as trade show & event manager, Cabiedes-Uranga was responsible for the planning and managing all Liebherr Construction Equipment events. She worked with senior management to develop […]
February 21, 2013
Business
Ritchie Bros. president sees turnaround for construction; unsure on value of Tier 4
The Ritchie Bros. equipment auction is in full swing here in Kissimmee, Florida, and given the robust nature of the sales company, President Rob Mackay sees things getting better for the future of the construction economy. The company saw its sales increase worldwide to $3.9 billion last year and Mackay says recent auctions in Houston, […]
February 21, 2013
Business
Obama gives more details on proposed infrastructure investments
The New York Times has obtained a summary of President Barack Obama’s plan to repair the failing infrastructure in the United States. Obama discussed the need for infrastructure investment during his State of the Union address February 13th. The goal of the President’s plan, the Times report,s is to create jobs “that cannot be outsourced,” […]
February 21, 2013
Business
Reed Construction Data complies interactive map of U.S. construction market forecasts
Reed Construction Data offers a monthly look into the future with its Expansion Index. Each month the group updates an interactive map on its website that offers a 12 to 18 month “look ahead” at the construction marketplace. Using color-coded points plotted on the map, it indicates whether a location’s construction volume is expected to expand or […]
February 21, 2013
Business
Builder confidence in housing market dips 1 point in February
After stalling completely in January, builder confidence in new single-family homes was was virtually unchanged in February with a one-point decline to 46 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). The index’s tipping point is 50. Once higher than 50, that indicates more builders have a good feeling about the […]
February 21, 2013
Business
Hitachi restores excavator production in China
After shutting down operations for half a month last year at its excavator plant in the eastern Chinese province of Anhui, Hitachi Construction Machinery is now gradually increasing production there, Bloomberg reports. Chinese construction equipment sales fell 19 percent in 2012 to $32.3 billion, according to Bloomberg data. Like Komatsu, who a few days ago spoke […]
February 21, 2013
Business
H & V Equipment Services distributes Doosan parts and equipment in San Antonio
H & V Equipment Services has been named a distributor of Doosan heavy excavators, wheel loaders, wheel excavators and parts in the San Antonio area. The dealership is located at 2702 SE Loop 410 in San Antonio, Texas. For more information, call H & V Equipment Services at 1-800-933-5623 or visit hvequipment.com.
February 21, 2013
Business
Construction materials prices rise 0.7% in January
National construction materials prices increased 0.7 percent percent in January, according to the latest Associated Builders and Contractors Producer Price Index (PPI) report. In the year between January 2012 and January 2013, materials rose 1.3 percent. ABC Chief Economist Anirban Basu said he expects construction materials prices to remain volatile for the remainder of 2013. The report […]
February 20, 2013
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